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Wednesday 26 February 2014

I do not like the idea of "Open High Close Low"

I do not like the idea of open high close low.  STI continuously four days with an opened high closed low.  Refer to the four arrows that I drew on the chart.  Although we see a rebound after it reached 2954 but the continue four days opened high and closed low has given STI a smooth rebound come to an end.  The pressure is there provided we start to see open low close high.  Otherwise, even it will to test 2013YEC3167, the road is going to be bumpy.  By then going forward, look out for US and China market movement which will affect the STI.  Look at the circle that I drew on the chart.  It also showed an opened high closed low.

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